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Why Trade Forex with Bitcoin and Cryptocurrencies

  The  Forex  market is the largest and most liquid market in the world.  Over the past time, crypto currencies (like Bitcoin) have created exciting new potentials for currency trading.  In recent years, many forex brokers have started accepting Bitcoin for currency trading, some also accept many other cryptocurrencies. Benefits of trading Forex with Bitcoin Decentralized Pricing:  A major advantage of forex trading with bitcoin is that there is no central bank to randomly change bitcoin pricing.  Due to its decentralized nature, the bitcoin rate is not affected by geopolitics as well as macroeconomic issues such as inflation or country-specific interest rates. Forex trading with Primexbt High Leverage:  Many forex brokers offer leverage for Bitcoin trading.  Experienced traders can take advantage of this.  However, such high margins should also be approached with extreme caution as they also increase the possibility of loss. Low Deposits:  You can start with as little as $25 at some b
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Japanese financial group SBI and SMFG cooperate to launch digital bank

The second largest bank in Japan will sign an agreement with SBI Holdings to provide digital banking services on smartphones. As primexbt news reported on April 27, Sumitomo Mitsui Financial Group (SMFG) and SBI have taken the first steps towards a multi-million dollar deal that will conclude discussions this week, before Japan The version takes place during the Golden Week holiday. In June, SMFG will buy a 20% stake in NeoMobile Securities, a subsidiary of SBI. By the end of this year, SBI will accept an investment from SMFG and create a new $1 billion fund to invest in digital technology companies. This new fund will seek to invest in a variety of investment areas such as financial technology, blockchain and 5G. Close relationship with Ripple SBI is known for its XRP cryptocurrency. Chief Executive Officer (CEO) Yoshitaka Kitao is a member of Ripple's board of directors. He also has a close friendship with Satoshi claimant Craig Wright - the company has considered paying dividen
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Tron DApps Available on Samsung App Store

Tron is expanding its ecosystem of cooperation with Blockchain Samsung in a new field that incorporates Blockchain games, which will be made available on its mobile devices. The Tron (TRX) project was announced on April 27, stating that applications built with Blockchain will be available on the Samsung Galaxy store. Tron DApps Available on Samsung App Store Tron and its tokens are backed by Samsung's Blockchain Vault, which stores private keys in a secure storage box. The integration is announced alongside Bitcoin (BTC) and Ethereum (ETH). As Tron has announced, Samsung's app store will include "Blockchain apps like Cuties, Super Player, Meerkat Mining, and Timeloop." It should be noted that Blockchain Cuties is a cross-platform game, and more and more Ethereum users are participating, even though transactions mostly take place on Tron. According to Dappradar.com, Super Player is probably currently an Ethereum-specific project. The other two applications are not yet
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China Launches Blockchain-Based Service Platform for Global Trade

Six months after the launch of the beta test, China's blockchain-based service network (BSN) has officially opened to the global commercial market. China Launches Blockchain-Based Service Platform for Global Trade Government officials and heads of organizations met on April 25 in Beijing to announce the public launch of the BSN network. BSN is a global infrastructure that helps Blockchain projects design and operate Blockchain and crypto applications at a lower cost. At the same time, the network also promotes the development of smart city and digital economy. BSN was implemented by the cooperation of China Mobile, China UnionPay, and Huobi China. You may be interested: Director of BIS Innovation Hub: COVID-19 reveals the value of DLT Good start Both businesses and individual developers have expressed interest around the Blockchain-based Service Network. According to the report, more than 2000 developers have tested BSN within 6 months since the beta was announced on October 15, 20
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Director of BIS Innovation Hub: COVID-19 reveals the value of DLT

Benoît Cœuré, director of the Innovation Hub at the Bank for International Settlements, recently said that central bank digital currencies, or CBDCs, crypto, have been “highly centralized.” amid the corona pandemic. On April 17, speaking during a webinar organized by Accenture, the Bretton Woods ReReinventing Committee and the Chamber of Digital Commerce, Cœuré said that “the crisis has revealed the value of technologies that have the potential to help the industry. economic expansion of its activities”. He also revealed that the Bank for International Settlements (BIS) is looking into tokenization or crypto as a possible solution, to restart some segments of the economy during the lockdown period because of Covid-19. Corona pandemic reduces cash consumption The head of Innovation Hub highlighted the decline of cash payments during the Covid-19 pandemic, and affirmed that the current economic situation creates a lot of discussion around CBDCs: “Central bank digital currency is being di
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The Federal Reserve's balance sheet expands at a record pace

The Federal Reserve's balance sheet expands at a record pace - The Federal Reserve's balance sheet is expanding at a rapid rate. - In the last two months alone, the Fed has bought more assets than during the entire Great Recession - Some argue that the Fed's actions will lead to inflation in the long run. The Federal Reserve is buying back assets and its balance sheet is growing rapidly, especially over the past two months. Currently, the Fed buys about $41 billion in assets on a daily basis, and central banks around the world are also following in this vortex. According to an analyst at prime xbt , the economic point of this is pretty clear: inflation is coming. The Fed is buying in bulk The current spike in the Fed's balance sheet hasn't slowed since March. In fact, it's only picked up speed, and the result could be an unprecedented surge of inflation. This is what analyst Mati Greenspan (@MatiGreenspan), founder of Quantum Economics, told his followers recen
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Bitcoin Forms a "Golden Cross" Pattern When Price Hits $7,500

Bitcoin bounced off the $7400-7500 resistance area on Thursday, with a high probability of a rally to $8000 The formation of the Golden Cross pattern predicts an imminent growth.Bitcoin has finally broken out of the ceiling that is holding back the price of the currency to enter a bull market. The coin's value surged past $7,500 on Thursday thanks to a sudden buying move that sent the price up over $704 in just 3 hours. Prices peaked at $7,775 on Coinbase before falling lower in early Asian trading on Friday. BTC was able to enter a resistance area on the chart. However, the upside movement is faltering, showing traders' anticipation for a continuation of the bull market before continuing to buy at regional tops. This could lead to a deeper drop to a lower price range. Formation of the Golden Cross pattern Bitcoin is expected to continue to increase in price, at the same time forming a Golden Cross pattern - a price model that can provide highly accurate predict
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NFL Star Russell Okung Backs Startup With Bitcoin Rewards

In today's post, primexbt will bring you information about Okung Ventures, a venture startup founded by NFL star Russell Okung, with a mission to help crypto holders own and use BTC. The Los Angeles Chargers player has invested in and is promoting Fold, an app that gives users the ability to spend Bitcoin or fiat currency at major retailers like Amazon, Uber, and Starbucks. Similar to credit card cashback rewards: the more you spend, the more Bitcoin rewards you earn. 1. Bitcoin advocate and propagandist Earlier this month, Fold announced that it has joined the Visa Fintech Fast Track program and will launch a Fold debit Visa card that offers Bitcoin rewards. “It’s an important step towards mainstream Bitcoin adoption,” Okung said. We are thrilled for this partnership and the opportunity to introduce even more people to the best money generation in the world." Okung reckons he has become a crypto propagandist since tweeting “pay me in Bitcoin,” in May 2019. His company held a
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